BurklandAssociates
NOVEMBER 18, 2024
Learn about the unique challenges of accounting for AI startups, from revenue recognition to validating expenses for R&D tax credit and VC investment. The post 4 Key Challenges of Accounting for AI Startups appeared first on Burkland.
TaxConnex
NOVEMBER 19, 2024
Those involved in mergers and acquisitions often get understandably excited about the deal, especially execs who stand to see their business power (and paychecks) expanded. These execs might also go into the deals knowing all about the familiar M&A landmines such as employees’ reactions or overpaying the target company. Other potential deal-killers, though, might get less scrutiny in due diligence – including problems with a target company’s past sales tax compliance.
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CPA Practice
NOVEMBER 19, 2024
By Monte Swain, PhD, CMA, CPA, CGMA. If you’re planning a career in the world of accounting or finance, two distinctions have the branding impact and bench strength you need. Invest your time and effort into stacking the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) letters behind your name. First and Lasting Impressions The first impression a potential employer will have of you comes in a flash – the top line of your LinkedIn profile or your resume or perhaps a qui
Accounting Today
NOVEMBER 18, 2024
Audit committees are bringing on more directors with experience in cybersecurity and sustainability, according to a new survey.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Mark Lee
NOVEMBER 18, 2024
What do you really need to promote as an accountant? This is a simple enough question, and knowing the right answer could make a profound difference to the success of your practice. Let’s start with what you’re NOT promoting. Your time. It’s less common today than it was, but still there are plenty of people, including some accountants, who think accountants are selling their time.
GrowthForceBlog
NOVEMBER 19, 2024
8 min read October 19th, 2024 Deciding whether or not to invest in a next-level accounting solution with enterprise resource planning (ERP) capabilities, is a big decision. Key Takeaways How to Perform a Cost-Benefit Analysis of Sage Intacct Implementation: First, you'll need to look at the costs of purchasing and implementing new software in your business.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
NOVEMBER 19, 2024
PricewaterhouseCoopers made a $1.5 million investment to Bryant University to fund the launch of the PwC AI in Accounting Fellowship.
AccountingDepartment
NOVEMBER 20, 2024
Driver-based planning is a type of management that zeros in on a company's key value drivers and key business drivers. It helps create budgeting and business plans based on these factors. The goal of this type of planning is to center on the factors that are important to fueling success. Mathematical models can be created to project business. Driver-based planning is helpful for finance executives when they are planning long-range strategic strategies.
LSLCPAs
NOVEMBER 20, 2024
You might not have been due for a Department of Labor 401(k) audit in 2024—or even next year—but conducting an annual 401(k) plan audit ensures your retirement plans are fully compliant with DOL regulations. Get six other compelling reasons why regular 401(k) audits make sense: 1) Ensuring compliance with DOL regulations, 2) Upholding Fiduciary Responsibility, The post 6 Reasons Why a 401(k) Plan Audit is Always Worthwhile appeared first on LSL CPAs.
CPA Practice
NOVEMBER 19, 2024
By Alex Tanzi Bloomberg News (TNS) In a cooling U.S. labor market, recent college graduates are among those feeling the chill most. The gap between the unemployment rate for recent graduates and the overall rate for Americans with a college degree widened to 2.8 percentage points in September, according to data published Tuesday by the Federal Reserve Bank of New York.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Accounting Today
NOVEMBER 20, 2024
For individuals, the overpayment and underpayment rate will be 7%.
Withum
NOVEMBER 20, 2024
Accessible, affordable housing is critical to our society. Explore Other Episodes #CivicWarriors #WithumImpact The post Building Brighter Futures With Home Builders Institute appeared first on Withum.
Insightful Accountant
NOVEMBER 20, 2024
Gary DeHart interviews Dan Berenholtz, co-founder and CEO of Stanford Tax. Dan shares his journey into the tax and accounting industry and how inefficiencies in tax document collection inspired the creation of StanfordTax’s innovative solution.
CPA Practice
NOVEMBER 18, 2024
For the first time since 2020, interest rates for tax overpayments and underpayments will be lower than the previous quarter, starting in January. The IRS announced on Monday that interest rates will decrease by a percentage point across the board for the calendar quarter beginning Jan. 1, 2025. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Accounting Today
NOVEMBER 19, 2024
The move follows an accounting scandal that has wiped out billions of dollars in market value and drawn investigations by the DOJ and SEC.
Withum
NOVEMBER 20, 2024
New York City’s Local Law 97 became effective January 1, 2024, as a critical component of the city’s Climate Mobilization Act of 2019, aimed to reduce the city’s greenhouse gas emissions by up to 40% by 2030 and 80% by 2050 in comparison to the benchmark from 2005. Local Law 97: Reducing NYC’s Emissions This law targets larger residential and commercial properties, including buildings with more than 25,000 square feet, which are the primary contributors to the city’s carb
Dent Moses
NOVEMBER 20, 2024
Beginning now through January 15, Dent Moses has extra shred bins on-site to help our clients dispose of old financial and tax records. All you need to do is bring your unwanted documents to our office, and we will place them in one of our secure shred bins. If you have more than you can carry, we have staff available to help you get the documents from your car to the office.
CPA Practice
NOVEMBER 20, 2024
On December 18-19, 2024, CPA Practice Advisor is hosting its annual Ensuring Success conference, an online CPE event where professionals can earn up to 14 hours of free CPE credit, with 7 one-hour sessions each day. There is no cost to users to register, attend, and earn CPE credit, and they can choose the ones they want, or can stay for all of the sessions.
Speaker: David Warren and Kevin O’Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
Accounting Today
NOVEMBER 18, 2024
The Experience, Learn & Earn program now allows accounting graduates who are unaffiliated with a participating firm or employer to sign up, as long as they are employed full time.
Shay CPA
NOVEMBER 20, 2024
As a founder of a startup, you’re putting your belief in a delayed gratification model. Those early days of building your company will probably be lean. You’ll work nights and weekends in exchange for what’s most likely a small amount of pay. The thinking goes that you’ll see significant ROI on this effort. Down the road, the shares you have in your company will ideally be worth a sizable sum.
Canopy Accounting
NOVEMBER 20, 2024
As an accountant, you're likely familiar with the scenario: a client asks for "just one more thing," and before you know it, you're handling tasks far beyond the original agreement. This phenomenon, known as scope creep, can lead to increased workload, strained client relationships, and reduced profitability if not managed properly. In this blog post, we'll explore what scope creep is, why it happens, and practical strategies accountants can use to avoid it.
CPA Practice
NOVEMBER 16, 2024
The Internal Revenue Service reminds individual retirement arrangement (IRA) owners age 70½ and older that they can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable distributions. That’s up from $100,000 in past years. For those age 73 or older, qualified charitable distributions (QCDs) also count toward the year’s required minimum distribution (RMD).
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
Accounting Today
NOVEMBER 18, 2024
Accounting software development cycles will accelerate with generative AI, but so will competitive pressures.
Basis 365
NOVEMBER 19, 2024
In the fast-paced world of business, financial oversight is crucial. But not every company, especially companies that are in strong growth stages, needs a full-time Chief Financial Officer (CFO). This is where a fractional CFO can step in to provide companies with executive-level financial expertise on a part-time, contractual, or project basis. This flexible approach gives businesses access to the strategic guidance they need without the high cost of a full-time CFO.
Canopy Accounting
NOVEMBER 20, 2024
Profile AccountAbility , based in Southern New Hampshire and led by seasoned accountant Melissa Laverty, has provided accounting services for over 24 years. Primarily focused on tax services with some bookkeeping support, the firm serves clients in 48 states. AccountAbility has embraced remote operations, allowing them to reduce staff size while intentionally boosting profitability and efficiency.
CPA Practice
NOVEMBER 19, 2024
A new analysis of audit committee disclosures of companies in the S&P 1500 reveals a plateau in disclosure rates across several areas important to investors, including considerations in appointing or reappointing the external auditor, length of auditor tenure, and how the audit committee evaluates audit fees in relation to audit quality. The Center for Audit Quality (CAQ) and Ideagen Audit Analytics on Nov. 18 released the 11th iteration of the annual Audit Committee Transparency Barometer R
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
Accounting Today
NOVEMBER 19, 2024
The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.
Insightful Accountant
NOVEMBER 20, 2024
The start of a new year is a prime opportunity for reflection and goal setting. For accountants and tax preparers, reaching new goals requires more than just ambition.
LSLCPAs
NOVEMBER 19, 2024
The Secure 2.0 Act is raising the catch-up contribution limit for workers, with the goal to make retirement more attainable. Beginning in 2025, participants in 401K or other employer-provided qualified retirement plans who are age 60, 61, 62, or 63 by 12/31/25 can take advantage of the Super Catch-Up Contribution, which is $11,250 instead of. The post Exciting New Rules for Retirement Savings Happening in 2025 – The Super Catch-Up Contribution appeared first on LSL CPAs.
CPA Practice
NOVEMBER 19, 2024
In the past, taxpayers have often relied on the “Cohan rule” from an age-old case to bail them out of a tax jam. It often comes up when a business is unable to substantiate all of its out-of-pocket expenditures. Now a restaurant owner in a brand-new case, Pak, TC Memo 2024-86, 9/11/24, has gone back to the well again. Basic premise: The plaintiff in the landmark federal court decision was none other than legendary vaudeville and Broadway star George M.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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